diff --git a/VERSION b/VERSION
index 347f583..bc80560 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.4.1
+1.5.0
diff --git a/docker-compose.yml b/docker-compose.yml
index 12f3720..10365ae 100644
--- a/docker-compose.yml
+++ b/docker-compose.yml
@@ -1,7 +1,7 @@
 version: '3.4'
 services:
   netbox: &netbox
-    image: netboxcommunity/netbox:${VERSION-v3.0-1.4.1}
+    image: netboxcommunity/netbox:${VERSION-v3.1-1.5.0}
     depends_on:
     - postgres
     - redis